News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Emira Property Fund has accumulated a 23.5% stake in Pretoria-focused REIT Octodec Investments after a R892 million buying spree, while the controlling Wapnick family is backing the inner-city portfolio.
The EFCC says it recovered N1.233 trillion and $684.48 million for governments and individuals between October 2023 and June 2026, including 1,177 real estate assets.
Growthpoint Properties has completed phase one of its R75 million redevelopment of Walmer Park Shopping Centre in Gqeberha, with full completion of the Eastern Cape centre on track for November 2026.
Kenya's Affordable Housing Board has responded to Mukuru applicants who paid deposits for units, saying 15,142 applicants are yet to secure alternative units in the ongoing housing programme.
Commercial real estate developers in Nairobi have placed more than 1.6 million square feet of office space into the development pipeline across Westlands, Lavington, Upper Hill and Runda.
Zanzibar has stepped up El Niño preparedness, warning that 105 buildings in Stone Town are in risky condition and urging residents in high-risk areas to relocate before rains intensify.
Tanzania's government says Tim Draper's $7.9 million offer for Lupita Island does not involve a sale of land, which remains under state ownership through TISEZA.
The International Real Estate Federation's Nigeria chapter has elected Ayodeji Odeleye as its new president and inducted 16 new members at its annual general meeting in Lagos.
The National Homeownership Fund will convene a two-day National Conference on Housing Finance on October 7 and 8, 2026, to explore innovative solutions to Ghana's housing finance challenges.